Updated Feb 16, 2024
Will Chun Acquires Multifamily Property On Stockton St In Brooklyn For $4.5M
366 Stockton St, Brooklyn, NY 11206, USA
$4,500,000
$29/SF
Building Size
152,000 SF
Asset Type
MultiFamily
Closing
May 28, 2019
About this deal
AI
The multifamily property located at 366 Stockton St in Brooklyn's Stuveysant Heights neighborhood has recently been involved in a closed transaction. The property spans across 15,200 square feet and is situated in a thriving market. The transaction involved a loan amount of $4,500,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $4,500,000
- Address: 366 Stockton St, Brooklyn
- Market: Stuveysant Heights
- Square Footage: 15,200
- Lender: TD Bank
- Landlord: Will Chun
- Broker: Michael Volpe - AGENCY
The deal was facilitated by Michael Volpe, who represented the parties involved in the transaction.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
Loading comparables…
Deal FAQ
Visit Michael Volpe to view all their deals.
Browse New York multifamily loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.53%
Cash-on-Cash
-1.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93